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The Rise of Regulatory Capitalism:
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The Rise of Regulatory Capitalism:
The Global Diffusion of a New Order

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March 2005 | 220 pages | SAGE Publications, Inc

Published in Association with American Academy of Political and Social Science

Have neo-liberal reforms succeeded? To what extent the promises of less-restricted business operations were fulfilled? Although the ideology of neo-liberalism was extensively diffused, as well as the movement toward deregulation, the outcomes are puzzling. 

As the papers in this issue of The Annals suggest, the current economic order is anything but free of regulation. Indeed, many policy changes seem to have expanded and extended regulation – in a global sense. The international arena is increasingly legalized, and new layer of regulatory controls is being created at still another level of policymaking as regulatory solutions adopted in North America and Europe have spread across continents.

Instead of accepting the position of a neo-liberal hegemony, this volume of the annals examines the complex relationship between markets, regulation, private property, and public institutions and closely studies the reasons for policy changes in the environment of regulatory capitalism.

Going beyond the national case based approach, the authors in this issue take diffusion approaches, which hold a combination of horizontal, international and domestic explanations that will give readers a new understanding of how the global move to regulatory capitalism occurred and what the sources of its success are. 

Divided into three major parts, this issue includes articles covering globalization and diffusion in the following areas of analysis:

  • Theoretical Frameworks: The Diffusion of Regulatory Capitalism
  • The Diffusion of Economic Regulations
  • The Diffusion of Social Regulations

Taken together, these topics create a comprehensive image of the many dimensions of the world-wide regulatory capitalism and a clearer understanding of its emerging characteristics. Scholars and policymakers in political science, sociology, and economics will find this an invaluable resource in understanding the enormous impact that increased regulation has had on the global social and economic fabric.

Preface David Levi-Faur and Jacint Jordana
Introduction: 'The Making of a New Regulatory Order David Levi-Faur and Jacint Jordana
 
PART I. Globalization as a Diffusion Process: Theoretical Framework
David Levi-Faur
The Global Diffusion of Regulatory Capitalism
Elkins Zachary and Beth Simmons
On Wave Clusters and Diffusion: A Conceptual Framework
David Lazer
Regulatory Capitalism as a Networked Order: The International System as an Informational Network
Covadonga Meseguer
Policy Learning, Policy Diffusion and the Making of a New Order
 
PART II. The Diffusion of Economic Regulations
Fabrizio Gilardi
The Institutional Foundations of Regulatory Capitalism: The Diffusion of Independent Regulatory Authorities in Europe
Jacint Jordana and David Levi-Faur
The Diffusion of Regulatory Capitalism in Latin America: Sectoral and National Channels in the Making of New Order
Christopher Way
Political Insecurity and the Diffusion of Financial Market Regulation
 
PART III. The Diffusion of Social Regulations
Per-Olof Busch, Helge Jörgens and Kerstin Tews
The Global Diffusion of Regulatory Instruments: The Making of a New International Environmental Regime
Diahanna L. Post
Standards and Regulatory Capitalism: The Diffusion of Food Safety Standard in Developing Countries'
Review Paper Jacint Jordana
David Levi-Faur and Jacint Jordana
Conclusion: Regulatory Capitalism: Convergent-Divergence
 
PART IV. Quick Review Synopsis
 
The Rise of Regulatory Capitalism: The Global Diffusion of a New Order

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